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Odaily News New Fire Technology (1611.HK) announced on April 22 that it will acquire the investment team and trading system of Li Lin's family office, Avenir Group, for $1.6 million. Following the acquisition, New Fire Technology plans to launch a Bitcoin-denominated asset management service named Alpha BTC, aiming to attract investments exceeding 10,000 Bitcoins within a year, valued at approximately $760 million. The strategy will generate returns through derivative trading such as options, using Bitcoin or the IBIT ETF as underlying assets. Target clients include crypto-native investors and local Hong Kong enterprises. As of the end of 2025, Avenir Group held 18.3 million shares of BlackRock iShares Bitcoin Trust, valued at $908 million.
Odaily Jeff Bezos is close to completing a $10 billion financing round, valuing his laboratory at $38 billion. The lab focuses on developing artificial intelligence technology capable of understanding the physical world and transforming engineering and manufacturing.According to informed sources, the company, codenamed "Project Prometheus," plans to finalize a funding round soon, with a valuation reaching $38 billion including the newly injected capital. The sources added that this agreement will position the company as one of the world's most well-funded early-stage startups, which includes an initial $6.2 billion raised in November. However, due to strong market demand, the financing scale has been further expanded. One source revealed that JPMorgan and BlackRock are among the participants in this new round of investment. (Financial Times)